WHAT WE DO

Mining

Marketing

At FURA, we believe in the power of transformation

As we build on our geological knowledgebase and experienced leadership, we are bringing new opportunities to both investors and mining
communities. Each project is carefully planned and expertly executed to bring exquisite gemstones to market. Our mining and marketing
strategy will create sustainable partnerships between stakeholders that respect the environment, the people, and our product.

Colombia Emerald Assets

Mozambique Ruby Assets

Coveted by royalty around the world,
emeralds were adored by Queen
Cleopatra and feature in the collections
of the royal houses of Norway, Sweden,
Denmark, Luxembourg, and Great Britain.
The Incans worshipped emeralds, and
Aristotle believed one worn around the
neck prevented sickness. These ancient
gemstones also symbolise fertility,
devotion, intelligence, and honesty.
Colombia is home to some of the finest
emeralds in the world, which are hidden
deep within the country’s mountains
and dense jungles.

Colombia is the source of the world’s
finest emeralds and accounts for the
50% of the value supplied in the market.
The Colombian emerald deposits are
located in Boyacá Department and are
found in the Eastern Ranges of the
Colombian Andes within two narrow
bands on the west side (western zone:
Muzo, Cunas, and Coscuez deposits)
and on the east side (eastern zone:
Chivor and Gachalá deposits).

FURA's Colombia Emerald Licenses

The Coscuez Emerald Mine (122-95M)

The Coscuez Mine is historically one of the world’s most significant emerald mines,
having been in operation for over 400 years and has produced some of Colombia’s
finest emeralds. Its world-wide recognition stems from the production of renowned
pieces like 1,759 carats Guinness Emeralds, believed the one of the largest gem-quality
crystal or the pieces found in the Spanish crown, as well as collections from India and
the Ottoman Empire, and which continue to be discovered in diverse archaeological
findings such as the San Jose galleon.

In Colombia, most of the emeralds mined come from the Muzo formation and the
Coscuez Mine in the San Pablo de Borbur Municipality, is sitting right over Muzo
formation and has grown to become one of the top three producers of emeralds in
Colombia.

On 30th October 2017, FURA has agreed to purchase 76% of the issued and outstanding
shares of Esmeracol S.A. which owns 100% interest in the 122-95M (The Coscuez Emerald
Mine).The 122-95M covers an area of 46 hectares and includes exclusive rights for the
exploration, construction and mining of emerald deposits granted by the Government
of the Republic of Colombia.

The current operation at 122-95M, has reached the orebody through a significant
number of horizontal accesses of different dimensions, which total more than 40 km of
measured tunnels. Within the orebody, vertical shafts have been developed to
delineate the extraction blocks for the operation, complemented by established and
controlled watering and ventilation system.

Fura, as a short-term plan, will immediately focus on improving the mine’s infrastructure,
developing safe and effective operations, including the construction of a 1/7 gradient,
positive and negative ramp system, complemented by horizontal tunnel construction
to optimise access to the orebody, which will allow modernising the extractive process
and converting the mine into a safer operation. This ramp will optimize the transport
of product through LHD trucks, as well as the flow of clean air for ventilation. Fura will
set-up a communication platform to engage directly with the local community. Fura
believes that it will ramp up the emeralds production within six (6) months of completion
of the Transaction.

Contemporaneously with the short-term plan, Fura will also work with the respective
government authorities for the necessary approvals for the technical plans such as
design of the new decline, entrance of the tunnel, washing plant, waste dump design
and other necessary areas.

FURA's Colombian
Emerald Highlights

Emerald Licenses

122 – 95M (the “Coscuez Emerald Mine”)

ECH -121

Location

Boyacá Department, Colombia

Boyacá Department, Colombia

Ownership

FURA – 76%, Local Partners – 24%

FURA – 100%

Area

46 hectares

646 hectares

Geology

Primary calcite veins

Primary calcite veins

Asset Type

Operating mine

Exploration license

Mining Methods

Underground mine

Underground mine

ECH -121

FURA has acquired a 100% interest in a
Colombian emerald exploration
concession, ECH 121 (“License”). The
License covers 649 hectares and has
been granted for 30 years, ending
July 4, 2034 with the possibility of a
30-year extension. Geological maps
published by Ingeominas (the Colombian
governmental geological survey bureau)
indicate that within the limits of the
Concession there are sedimentary units,
mostly of the Cretaceous Age, overlying
older basement rocks.

The tectonics play a paramount role in
the formation and location of emeralds
in the area. Previous geologists
identified a NNE-SSW main system
represented by the Minero and other
main rivers in the area and several E-W
secondary systems perpendicular to the
main system. The interaction of these
two systems created several tectonic
zones (ternary systems) to which the
emerald zones appear to be related.
The tectonic system appears to be
responsible not only for the circulation
of hydrothermal fluids but also for the
tectonic traps with favorable porosity
where the emeralds finally formed.

For centuries, rubies have been revered
as the king of gemstones with the power
to restore youth and vitality. Mentioned
in the Bible and in ancient Sanskrit
writings, rubies also symbolise love,
passion, and power. Until recently, most
of the world’s rubies came from Burma.
But now, Mozambique has emerged as
the new home of exquisite rubies
sourced from deposits over 475 million
years older than those found in Burma.

Historically, Mozambican rubies have
been found in the northeast of the
Montepuez District of Cabo Delgado
Province. The nearest airport is in Pemba,
which is also the Province’s capital. The
traditional ruby mining area is a 200km
drive from Pemba and into Montepuez.
According to the Gemological Institute
of America (GIA), Mozambican rubies
currently account for approximately 50%
of the world’s ruby production. Deposits
are also considered to be the largest
found in recent decades.

FURA's Mozambique Ruby Licenses

FURA has entered into an agreement to acquire four (4) ruby licenses, (4392L, 3868L,
3869L and 6811L) in the Montepuez District of Cabo Delgado Province in Mozambique.
FURA owns 80% effective interest in these licenses with 20% held as free carry
and non-dilutive by our Mozambican partners. The assets are strategically located in
the Montepuez District and are 394.24 sq.km (39,424.51 hectares in five concessions)
of highly prospective ground. The initial findings from the existing artisanal pits
show both primary and secondary mineralisation with higher and lower quality rubies.

FURA's Mozambique Ruby Assets

Product

Ruby and Corundum

Location

Montepuez District, Cabo Delgado Province, Mozambique

Ruby Licenses

4392L, 3868L, 3869L ,6811L

Acquisition Date

19 October 2017

Ownership

FURA – 80% Local Partners – 20%

Area

394.24 sq.km

Geology

Primary and Secondary Mineralisation

Mining Methods

Open pit

Drilling commencement

5 October 2017

Geology

Northeast Mozambique is located at a
geologically critical junction between
the north-south trending Mozambique
Belt and the east-west trending Zambezi
Belt. Both are “treasure-bearing”
Neoproterozoic (approximately 500–800
million years old) orogenic belts within
the global Pan-African tectonic framework.
Several major geologic complexes are
separated by major thrusts and shear
zones. Complex thermal and
deformational events provided ideal
temperature and pressure for the
formation of ruby, garnet, gold and other
minerals of economic importance.

The Montepuez ruby mineralisation belt
is located within the wedge-shaped
Montepuez Complex. Around the
Montepuez Belt, ruby formation seems
to have resulted from a metasomatic
process, when fluid from the parental
magma interacted with the host rocks in
a low-silica environment These formed
the primary ruby mineralisation.

Once the ruby-bearing rock is weakened
and broken down by physical and
chemical weathering, it is ready for
erosion. In Montepuez, rubies and other
minerals liberated from the parent rocks
were dispersed by water. Due to their
high specific gravity and hardness, these
rubies were trapped and concentrated
in certain locations along current and
former river beds, above the weathered
basement rocks. These clusters are the
secondary deposits.

We at FURA believe that quality competitive marketing is a key
factor for long term success. As the global gemstone market
navigates several major transformations, our innovative
marketing will help educate, inspire, and motivate consumers to
explore how gemstones can be valuable investments. The FURA marketing programme will use four unique pillars: advertising
(both consumer and trade), PR, sponsorship, and collaboration.
By using different channels and methods, we'll reach wider and
more diverse target audiences than ever before.

And because our products are truly a miracle of nature, their
unique beauty will resonate with consumers across all marketing
platforms.